it benefits from industry and from congress. host: let's hear from steve, republican in florida. caller: good morning. thanks for taking my call. you pointed out the guest's article where he states that this agency is going to restore the american dream. you've got to be kidding. that is laughable. it sounds like obama and you did not build it. the american dream has been made by hard-working individual americans. no agency of the federal government can possibly ever restore that. my question is, how can you possibly claim that when it was a pseudo government agency, fannie and freddie, overseen by dodd adn frank, which caused the collapse of the financial system -- dodd and frank, giving loans to people that could never afford to pay them back? guest: i will just say that the idea that fannie and freddie would cause the financial crisis is widely held in some circles. i don't believe it's true. the cause of the financial crisis was the subprime mortgages that were peddled by firms that were not under the supervision of the federal government in any serious way, certainly not fannie and fredd
